65243 Posted July 29, 2015 Share Posted July 29, 2015 When will the mass exodus from buy-to-let start, especially in London? I'm not talking about dribs and crabs, I'm talking about the panic that will gather pace and decimate the market. Quote Link to comment Share on other sites More sharing options...
thewig Posted July 29, 2015 Share Posted July 29, 2015 19th November 2015 at 2:19pm (roughly) Quote Link to comment Share on other sites More sharing options...
jiltedjen Posted July 29, 2015 Share Posted July 29, 2015 Two year price crash ready for an uptick before the election seems the order of the day. the media has suddenly become very bearish in the last two weeks. fed potentially raising rates in the next 6 months (hopefully get more info from the Fed today) and the sentiment damage that causes Mortgage deals % rates already heading upwards Buy to letters making their way towards the exists or simily not expanding any more. As generally they have been the sector propping up the market, and transactions being set at the margins. lots of very bad signs for the economy with the markets very toppy. due another major bust around now. and a whole range of other factors. from less secure work, ageing poor health of boomers, political pressure etc etc Quote Link to comment Share on other sites More sharing options...
davidg Posted July 29, 2015 Share Posted July 29, 2015 When will the mass exodus from buy-to-let start, especially in London? I'm not talking about dribs and crabs, I'm talking about the panic that will gather pace and decimate the market. The dribs and drabs have started anyway. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 29, 2015 Share Posted July 29, 2015 the smart money exodus is long gone. Quote Link to comment Share on other sites More sharing options...
rayman740 Posted July 30, 2015 Share Posted July 30, 2015 There will never be a mass exodus, there's simply too much money to be had in btl's. Maybe not for any newbies but for those in the game for 5 years plus why sell when your net yields are 3-4-5-6%. Average prices are still increasing, banks offer 0.5%.... Errrr yeah let's sell!!! Duh. The wishful thinking you and others show is quite laughable. Quote Link to comment Share on other sites More sharing options...
Meerkat Posted July 30, 2015 Share Posted July 30, 2015 The dribs and drabs have started anyway. And in an illiquid market that real estate is by default you don't need more than that to reverse the tide. Quote Link to comment Share on other sites More sharing options...
little fish Posted July 30, 2015 Share Posted July 30, 2015 There will never be a mass exodus, there's simply too much money to be had in btl's. Maybe not for any newbies but for those in the game for 5 years plus why sell when your net yields are 3-4-5-6%. Average prices are still increasing, banks offer 0.5%.... Errrr yeah let's sell!!! Duh. The wishful thinking you and others show is quite laughable. Perhaps you took a wrong turn somewhere. The mass eviction threats are coming from here http://www.property118.com/budget-2015-landlords-reactions/76164/comment-page-163/#comments The sell off threats are coming from here http://www.property118.com/budget-2015-landlords-reactions/76164/comment-page-163/#comments The panic is coming from here http://www.property118.com/budget-2015-landlords-reactions/76164/comment-page-163/#comments Quote Link to comment Share on other sites More sharing options...
long time lurking Posted July 30, 2015 Share Posted July 30, 2015 (edited) There will never be a mass exodus, there's simply too much money to be had in btl's. Maybe not for any newbies but for those in the game for 5 years plus why sell when your net yields are 3-4-5-6%. Average prices are still increasing, banks offer 0.5%.... Errrr yeah let's sell!!! Duh. The wishful thinking you and others show is quite laughable. I don`t think George & co would agree Osborne isn’t just targeting landlords for extra income tax. In 2012-13, the Treasury took in £3.9bn from capital gains tax (CGT) on property. The Office for Budget Responsibility (OBR) is projecting £9bn for 2018-19. That’s some rise, and not all of it can come through house price inflation. So how is the Treasury going to get that money? Perhaps the answer is from buy-to-let landlords. http://moneyweek.com/how-george-osborne-could-kill-off-britains-buy-to-let-business/#.Vbn2Q6AUmLo.twitter And the late comers ( the last five years )are the pasties which are going to be bailing out the early entrants with their 25% deposits Edited July 30, 2015 by long time lurking Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted July 30, 2015 Share Posted July 30, 2015 19th November 2015 at 2:19pm (roughly)You're way off. It will be 2:21pm. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted July 30, 2015 Share Posted July 30, 2015 I suspect it will come when new entrants find they can no longer outbid OOs and make money, that will flatten the market and frighten portfolio holders into seeing the lack of credit drop their own valuations. Banks will look carefully at them also at renewal time. Quote Link to comment Share on other sites More sharing options...
XswampyX Posted July 30, 2015 Share Posted July 30, 2015 I suspect it will come when new entrants find they can no longer outbid OOs and make money, that will flatten the market and frighten portfolio holders into seeing the lack of credit drop their own valuations. Banks will look carefully at them also at renewal time. Who will they be then, the mentally deranged? new entrants - "Hmmm I don't think I'm paying enough tax. I know I'll get a BTL. That will sort it!" If you have to borrow to play then it's a non starter. If you have the money to play, then why not wait and pick up the entrails? Quote Link to comment Share on other sites More sharing options...
65243 Posted August 3, 2015 Author Share Posted August 3, 2015 I wonder, because the tax changes are being rolled out slowly over the next five years, and this could create five more years of waiting and uncertainty over prices until the full effects are felt. Is the general consensus that we'll need to wait until the end of this period? Because some of us are not getting any younger. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted August 3, 2015 Share Posted August 3, 2015 I wonder, because the tax changes are being rolled out slowly over the next five years, and this could create five more years of waiting and uncertainty over prices until the full effects are felt. Is the general consensus that we'll need to wait until the end of this period? Because some of us are not getting any younger. Escargot - a BTLer (buy a house on tick and get rich quick cargo culters) who hangs on a little bit too long. Quote Link to comment Share on other sites More sharing options...
workingpoor Posted August 3, 2015 Share Posted August 3, 2015 (edited) Blanket 10% wear and tear allowance goes from april 2016 though. Also new powers for councils in todays 5yrs prison article to blacklist landlords who do keep properties at acceptable standards Edited August 3, 2015 by workingpoor Quote Link to comment Share on other sites More sharing options...
XswampyX Posted August 3, 2015 Share Posted August 3, 2015 Blanket 10% wear and tear allowance goes from april 2016 though. Also new powers for councils in todays 5yrs prison article to blacklist landlords who do keep properties at acceptable standards Eh? Quote Link to comment Share on other sites More sharing options...
workingpoor Posted August 3, 2015 Share Posted August 3, 2015 Sorry iphone typo "don't" Quote Link to comment Share on other sites More sharing options...
billybong Posted August 3, 2015 Share Posted August 3, 2015 (edited) There might be 5 years to the next general election but there will be 5 main budgets in that time. Maybe some more emergency budgets as well - along with the end of the year stuff. If (to be fair that might be a big if but nevertheless) they are intending to dampen down things any BTLer relying on the recent emergency budget being the last of the measures might be making a mistake. The measures in the emergency budget etc might just be the writing on the wall for further action and any BTLer might be advised to at least consider that possibility. Edited August 3, 2015 by billybong Quote Link to comment Share on other sites More sharing options...
pipllman Posted August 4, 2015 Share Posted August 4, 2015 Maybe, just maybe... http://www.pistonheads.com/gassing/topic.asp?h=0&f=92&t=1532250&mid=0&nmt=Anybody+want+to+buy+a+property+portfolio%3F Quote Link to comment Share on other sites More sharing options...
mmt Posted August 4, 2015 Share Posted August 4, 2015 Maybe, just maybe... http://www.pistonheads.com/gassing/topic.asp?h=0&f=92&t=1532250&mid=0&nmt=Anybody+want+to+buy+a+property+portfolio%3F All your McLaren are belong to the HMRC! Quote Link to comment Share on other sites More sharing options...
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